Last week's trade will give me a gain of $1,145(5.5%) on a $20K account when it expires at the end of the day today. If I had been invested in a NASDAQ ETF, I would have had a loss of about .04% at 1PM on Friday.
This week's trade of the week is a Put Credit Spread again. I don't trust the market this week, so I'm going to go further out of the money than my normal 5%. I'll sell 2 PUT options on NQX with a strike price of $2,600 and an expiration of 4 Mar 2022. At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,550 and an expiration date of 4 Mar. This trade has a maximum gain of about $475 as long as NQX closes above $2,600 on Friday, 4 Mar 2022. I made this trade in my account that has a cash balance of $20,000. I am only using half of my available cash so that I can fix the trade in the unlikely event that NQX happens to fall by 5% this week.
The trade discussed above is not a recommendation but is merely an account of what I may have executed in the past.
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